Why is Triveni Turbine falling/rising?

As of 11-Aug, Triveni Turbine Ltd. is experiencing a decline in its stock price, currently at Rs 521.35, which reflects a decrease of Rs 6.6 or 1.25%. The stock has underperformed its sector by 1.78% today and has touched an intraday low of Rs 515.95. Over the past week, the stock has seen a significant drop of 11.96%, and its performance over the last month shows a decline of 19.08%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The recent financial results reveal a concerning drop in net sales and profit after tax, with respective declines of 26.0% and 27.8% compared to the previous four-quarter average. Despite strong long-term fundamentals, including a solid return on equity and low debt levels, the stock's high valuation and poor recent performance have contributed to its downward movement.
In the broader market context, Triveni Turbine's performance has been notably worse than the benchmark, with a one-year return of -24.95% compared to the BSE500's decline of only -1.85%. This stark contrast highlights the stock's struggles relative to the overall market. The falling investor participation, evidenced by a 65.33% drop in delivery volume, further indicates a lack of confidence among investors. While the company has high institutional holdings, which typically suggest a level of confidence in its fundamentals, the recent financial results and the stock's significant underperformance over the past year have overshadowed these strengths, leading to its current decline.